We enjoyed our time in the Hotel Toledano very much. But first, there are a few things that need to be clarified about the actual hotel building itself: 1) The sign on the outside is glowing blue and reads "Colonial" hotel; 2) The HOTEL part where we stayed is very nice and seems to be recently renovated, but the HOSTAL part seems to be oriented more for broke college students, so some of the previous negative comments could perhaps have referred to the HOSTAL, and 3) The HOTEL room we got did not have AC, however, the room stayed nice and cool anyway with constant breezes from the balcony.
The managers were very kind and helpful, lovely to chat with, and very accomodating of my need for refrigeration of my insulin. The fridge is in the office, which is manned 24 hrs per day, and they were always happy to get it for me and then put it back into the fridge.
We had a street-side room (alley-side in truth) and although the partying got loud with the balcony doors open, it was perfectly restful. The room was spotless and modern, except the bathroom is probably the smallest I've ever seen. All amenities were clean and in excellent working order.
Nice also is the free in-lobby internet connection.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC